Oklahoma § 18-381.51 - Deposits authorized
Full text of Oklahoma Oklahoma Statutes § 18-381.51 — Deposits authorized, with citation guidance and answers to common questions.
§ 18-381.51. Deposits authorized
An association may accept deposits for fixed, minimum or
indefinite periods of time, including accounts bearing a fixed rate
of interest, as may be authorized by its directors, subject to the
Oklahoma Statutes - Title 18. Corporations
provisions of its bylaws and the authority of the State Banking
Commissioner and, if applicable, the Director of the Office of
Thrift Supervision to disapprove of such a rate.
Added by Laws 1970, c. 101, § 51, eff. June 1, 1970. Amended by
Laws 1978, c. 168, § 24, eff. July 1, 1979; Laws 1990, c. 118, § 14,
emerg. eff. April 23, 1990; Laws 2000, c. 81, § 49, eff. Nov. 1,
2000.
§18-381.52a. Additional association powers and authorities –
Special or fiduciary duties or obligations.
In addition to other provisions of the Oklahoma Savings and Loan
Code relating to deposit accounts, an association may exercise the
powers and authorities applicable under the provisions of Article IX
of the Oklahoma Banking Code, Sections 901 through 907 of Title 6 of
the Oklahoma Statutes, as amended from time to time. An association
may also exercise the powers and authorities applicable under the
provisions of Article XIII of the Oklahoma Banking Code, Section
1301 et seq. of Title 6 of the Oklahoma Statutes, as amended from
time to time. Further, unless an association shall have expressly
agreed in writing to assume special or fiduciary duties or
obligations, no such duties or obligations will be imposed on the
association with respect to a depositor of the association or a
borrower, guarantor or surety, and no special or fiduciary
relationship shall be deemed to exist.
Added by Laws 2000, c. 81, § 50, eff. Nov. 1, 2000. Amended by Laws
2016, c. 69, § 1, eff. Nov. 1, 2016.
§18-381.52b. Deposit accounts that may be provided.
An association may provide all types of deposit accounts unless
otherwise provided by rule of the State Banking Commissioner or
applicable federal law.
Added by Laws 2000, c. 81, § 51, eff. Nov. 1, 2000.
Frequently Asked Questions About Oklahoma § 18-381.51
What does Oklahoma Statutes § 18-381.51 cover?
Section 18-381.51 ("Deposits authorized") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 18-381.51?
A common citation format is "Oklahoma Statutes § 18-381.51" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 18-381.51 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.